Salvadoran Government Readies Tax Reform

The reform won't increase value-added nor income tax, but will include measures to control evasion, smuggling and corruption.

Wednesday, August 26, 2009

The Executive will present Congress the reform project, together with the State Budget on September 30th.

"The tax authority is also evaluating modifying some specific taxes, like alcoholic beverages and some products currently not taxed, like energy drinks", reported newspaper La Prensa Gráfica.

More on this topic

El Salvador: Reforms to Income Tax Rejected

November 2011

The private sector has rejected the FMLN’s proposal to reform income tax law.

Jorge Daboub, president of the National Association of Private Enterprise (ANEP in Spanish), said the proposal is not based on a deep technical analysis of the subject. The first action that should be performed is to correct the "waste of Salvadorans’ tax dollars."

Guatemalan Presidency Presents New Tax Reform Proposal

March 2010

The new initiative removes the levy on mobile telephony, taxes the first registration of a vehicle and modifies the rates for income and solidarity taxes.

ISR, the income tax, would be reduced from 31% to a 28% in 2011 and to 25% in 2012 for the voluntary regime, and would increase to 6% in 2011 and 7% in 2012 for the compulsory regime.

El Salvador: Congress Discusses Tax Reform

December 2009

Out of 12 initiatives introduced by the Executive, 4 have already been approved by Congress.

These new regulations will give the Treasury Ministry greater control when collecting value-added tax (IVA/VAT).

"Additionally, they approved an ad valorem tax for fuels, which will range from 0.5% to 1%, and will be paid by importers and distributors", reported

El Salvador: Tax Reform to be Introduced Next Week

November 2009

The Executive of Guatemala will introduce the Fiscal Reform bill to the Legislative Assembly next week.

The announcement was made by the Presidency of Guatemala in a press release.

From "The Government hopes the Assembly will fast-track the bill's discussion ... they consider this law will reduce evasion and smuggling, while increasing tax collection".

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